Montana Renewables gets $67M in assets qualified as tax-exempt in state settlement

Montana Renewables gets $67M in assets qualified as tax-exempt in state settlement

A state board has nearly tripled the amount of equipment eligible for a tax exemption at the Montana Renewables biorefinery in Great Falls and left the door open for additional exemptions in the future. The company, a subsidiary of Calumet, reached a settlement with the Montana Tax Appeal Board in May. Montana Renewables had appealed a prior determination by the Montana Department of Environmental Quality that $24.5 million in assets qualified f…